Question

There are 200 members, each paying an annual subscription of 1,000; subscription received during the year 1,95,000; subscriptions received in advance at the beginning of the year 73,000 and at the end of the year 72,000. – Amount shown in Income & Expenditure Account will be : * ₹2,00,000 ₹1,96,000 ₹1,94,000 ₹2,01,000

Answer 1

Answer:

Explanation:

                                       Subscription account                                                    

Income and expenditure    200000       Bank                      205000

Outstanding subscription    30000     Advance subscription  14000

Subscription at the end        40000  outstanding subscription  51000

                                                                                                                                   

                                          270000                                                270000